Carney: End of QE era poses 'great risk' to stability

Speaking in front of the House of Lords' economic affairs committee yesterday, Carney (pictured) acknowledged the transition from an era of ultra-loose monetary policy posed significant dangers. "There is a great risk in terms of the execution of [a sale of bonds owned by central banks], he told the committee. Most economists do not expect the US Fed to ease back on the rate of its asset purchases this month, but some are convinced the central bank will began along the path towards tapering - and an eventual sale of its huge holdings of government debt. Carney, however, again confirmed...